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SIP Collects 10b-Yuan Local Tax ahead of Schedule


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By July 15, Suzhou Industrial Park (SIP) Local Tax Bureau had collected 10.035 billion yuan tax, more than the annual total of 2010, going beyond 10-billion-yuan tax revenue earlier than in 2013.

During the first 6 months of this year, each square kilometers of land area in SIP contributed 30-million-yuan local tax, a growth by 8.42% over the previous year, 4.72 times that of the municipal average, and 11.45 times that of the provincial average, ranking the first in Jiangsu Province.

Meanwhile, during the first six months, the local tax authority has processed 1,600 applications for tax exemption and reduction with total amount of more than 100 million yuan.


July 25, 2014